Ok, just noticed this, not sure if it's relevant.
The guy who owned this before me apparently ground the teeth down to almost nothing on the feed dog.
I just noticed it was at and/or below the surface of the plate.
That may explain the crappy stitching, but would it cause the looping? I tried maxing both foot pressures, and it doesn't change anything...
The feet on the machine are smooth, so my guess is that the only thing feeding is the needle. I tried my serrated outside foot from my other machine, maybe a lttle more consistent stitch(?) Maybe wishful thinking. I've ordered a binding set but it's smooth, and apparently the only style on ebay or amazon. Anyone know where to get a serrated dog for one of these?